5 Biggest Iron Ore Mining Companies in Australia, 2024

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1. BHP Group Limited (NYSE:BHP)

Market Capitalization: $146.15 billion

BHP Group’s Western Australia Iron Ore (WAIO) business operates 5 mines in the Pilbara region, accompanied by 4 processing hubs and 2 port facilities in the same region; the iron ore setup at the region spans over 1,000 kilometers of rail network, with each mining hub crushing, beneficiating and blending the ore to produce the highest-quality hematite lump and fines.

The group went home with an underlying profit of $6.6 billion, for the 6 months ending 31 December 2023. Their performance was as such, because of favorable iron ore and copper prices, resulting in higher revenue, along with efficient cost control.

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